Twitter shares surged more than 20% on the New York stock exchange on Friday morning, following reports that the social media company has received takeover approaches from Google, Salesforce and other technology companies. User growth has stagnated and its shares had fallen by 30% over the past year before Friday’s rumour sparked a surge. Twitter, Salesforce and Google’s parent company Alphabet, did not respond to immediate requests for comment. But since then it has struggled to deliver on promised user growth and found it difficult to monetise its service through advertising. In its latest quarter for the three months to June, Twitter reported its eighth-straight period of falling user growth and its slowest revenue growth since it went public.

Source: The Guardian September 23, 2016 15:02 UTC